Financial Markets Authority - Latest News [Page 1]

FMA files insider trading charges

Wednesday, 11 October 2017, 1:58 pm | Financial Markets Authority

The FMA has filed criminal charges against an individual in the Auckland District Court alleging insider trading in contravention of the Securities Markets Act 1988. More >>

FMA encourages financial institutions to trade bank bills

Wednesday, 11 October 2017, 1:40 pm | Financial Markets Authority

The Financial Markets Authority has issued guidance around trading in bank bills in an attempt to keep current market participants and encourage former traders back into the market. More >>

Bank Bill Benchmark Rate guidance and overview published

Wednesday, 11 October 2017, 9:11 am | Financial Markets Authority

The Financial Markets Authority (FMA) is today publishing guidance on conduct and expected controls in relation to trading that sets the Bank Bill Benchmark Rate (BKBM) and closing rates. Alongside this, the FMA is also publishing an overview of BKBM ... More >>

KiwiSaver continues to grow

Thursday, 5 October 2017, 9:18 am | Financial Markets Authority

KiwiSaver members have built up total assets of more than $40 billion dollars, equivalent to 15% of New Zealand’s GDP, since the savings scheme was established ten years ago. 2.7 million New Zealanders are now in KiwiSaver. More >>

FMA welcomes World Investor Week

Monday, 2 October 2017, 12:15 pm | Financial Markets Authority

The Financial Markets Authority (FMA) is urging investors to become familiar with some home truths about the risks of investing with off-shore, un-licensed providers as part of the first ever World Investor Week (2-8 October). More >>

FMA publishes annual report 2017

Wednesday, 27 September 2017, 3:07 pm | Financial Markets Authority

The Financial Markets Authority (FMA) published its annual report today for the financial year ending June 30 2017. This highlights two key developments for the FMA; a Government review confirming increased funding and the IMF’s Financial System Stability Assessment. More >>

FMA Toughens Approach to Misuse of FSPR

Friday, 22 September 2017, 9:35 am | Financial Markets Authority

The Financial Markets Authority’s report on the Financial Service Providers Register (FSPR) sets out its work to prevent the misuse of the FSPR between 2014 and 2017. More >>

Prince & Partners admits failings as Viaduct Trustee

Monday, 28 August 2017, 11:44 am | Financial Markets Authority

Prince and Partners Trustee Company (Prince) has admitted a series of failings in its role as trustee of Viaduct Capital Limited (Viaduct), a finance company that went into receivership in 2010. The civil proceedings brought by the FMA against ... More >>

FADC decision on financial adviser

Wednesday, 23 August 2017, 3:03 pm | Financial Markets Authority

The Financial Advisers Disciplinary Committee has published its ruling following an FMA complaint against an authorised financial adviser. More >>

Not all bonds are equal – FMA survey

Thursday, 17 August 2017, 8:49 am | Financial Markets Authority

Over 1 million New Zealanders have more than $15 billion invested in conservative or default KiwiSaver funds, mostly invested in fixed-interest assets, including bonds. However, only four in ten KiwiSaver members surveyed by the FMA knew that that most ... More >>

Judgment confirmed in the FMA v Warminger

Monday, 31 July 2017, 10:03 am | Financial Markets Authority

Mr Mark Warminger has withdrawn his appeal against the High Court judgment in the Financial Markets Authority v Warminger and as a result the FMA has withdrawn its cross-appeal. More >>

Consumers Tell FMA about Financial Providers’ Conduct

Friday, 21 July 2017, 12:05 pm | Financial Markets Authority

Financial services providers are fair and professional, but have work to do to explain fees and how their products are appropriate, their customers have told the FMA. More >>

FMA confirms KiwiSaver fees methodology

Wednesday, 19 July 2017, 11:51 am | Financial Markets Authority

The FMA has confirmed the methodology KiwiSaver scheme providers must use when calculating the dollar amount of fees paid by KiwiSaver investors for annual statements. The FMA wants to ensure providers are calculating fees accurately without burdening them ... More >>

Former RFA sentenced at Auckland District Court

Thursday, 13 July 2017, 3:07 pm | Financial Markets Authority

A former registered financial adviser who forged clients’ initials and falsely amended insurance applications has been sentenced to 150 hours of community work, 6 months community detention and ordered to pay reparations of $16,461.24. Anthony ... More >>

Penalty judgment in the case of FMA v Warminger

Friday, 30 June 2017, 1:12 pm | Financial Markets Authority

Penalty judgment in the case of FMA v Warminger The High Court imposed a total penalty of $400,000 on Mark Warminger for two contraventions of the Securities Markets Act 1988. More >>

Annual review of NZX published

Thursday, 29 June 2017, 4:08 pm | Financial Markets Authority

Annual review of NZX published The Financial Markets Authority (FMA) has published its annual review of whether NZX met its statutory obligations as a licensed market operator. More >>

Insider Trader Jeffrey Peter Honey Sentenced

Wednesday, 14 June 2017, 10:55 am | Financial Markets Authority

Jeffrey Peter Honey was sentenced yesterday to six months home detention at the Auckland District Court, after pleading guilty to one charge of insider trading under section 243(1)(a) and section 244 Financial Markets Conduct Act. Mr Honey admitted to being ... More >>

FMA files charges under Crimes Act

Friday, 9 June 2017, 1:40 pm | Financial Markets Authority

Two men appeared yesterday in the Tauranga District Court in relation to various charges filed by the FMA under the Crimes Act. More >>

Innovative Securities fails to overturn FSPR decision

Thursday, 8 June 2017, 1:59 pm | Financial Markets Authority

The High Court has dismissed an appeal by Innovative Securities Limited (Innovative Securities) against the Financial Markets Authority’s (FMA) decision to direct Companies Office, as the registrar of the Financial Services Provider Register (FSPR), ... More >>

Trial shows simple way to help KiwiSaver members

Thursday, 8 June 2017, 12:47 pm | Financial Markets Authority

KiwiSaver members who received communications created using behavioural insights were more likely to choose to move out of default funds, and less likely to transfer to another provider. More >>

 

 

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